US EditionRedwood Materials Raises $350 Million To Boost Electric Grid Battery Business
Redwood Materials secured $350 million to expand sustainable energy storage using repurposed EV batteries aimed at powering AI data centers and industrial sites, recovering over 70% of used batteries.
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9 Articles
Why Nvidia just invested in a battery recycling company
As Nvidia’s value has soared—becoming the first public company to hit $4 trillion in market capitalization earlier this year—it’s been pouring money into AI startups. Its venture arm, NVentures, is also backing less expected bets. The latest: Redwood Materials, the EV battery recycling company, which just raised $350 million in a new funding round. Redwood launched in 2017 with the aim to build a U.S. supply chain for critical metals by pulling …
Redwood Materials raises $350 million with backing from Nvidia to expand U.S. battery recycling operations - Tech Startups
Battery recycling startup Redwood Materials has raised $350 million in new funding, led by Eclipse Ventures, with participation from Nvidia’s investment arm, NVentures, and several other investors, the company announced Thursday. The new round strengthens Redwood’s position as one of […] The post Redwood Materials raises $350 million with backing from Nvidia to expand U.S. battery recycling operations first appeared on Tech Startups.
Battery recycling firm Redwood raises $350 million from Eclipse Ventures, Nvidia
Battery recycling firm Redwood Materials said on Thursday it has closed a $350 million funding round led by venture capital firm Eclipse Ventures, with participation from new investors including Nvidia's investment arm, NVentures.The fundraise for Redwood comes at a time when boosting domestic supply of criti
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